Market Update Fall 2016

Not much has changed in the past 3 months. The market is still in a wait and see mode. Inventory levels remain ultra low and for the most part, condo prices have stayed firm. what I am seeing is fewer multiple offer situations and the majority of homes selling slightly below their asking prices. In the detached market, prices are down 5 to 8% in the starter home price, and 10 to 15% for luxury detached priced over 5 million.

This entry was posted on November 30th, 2016 by Owen Bigland | Posted in Video Blog